6 Best Airline Stocks To Buy According to Hedge Funds

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In this article, we will take a look at the 6 best airline stocks to buy according to hedge funds. To see more such companies, go directly to 12 Best Airline Stocks To Buy According to Hedge Funds.

6. Spirit Airlines, Inc. (NASDAQ:SAVE)

Number of Hedge Fund Holders: 23

Spirit Airlines, Inc. (NASDAQ:SAVE) is under pressure currently after the Department of Justice sued to block the company’s merger with JetBlue, citing competition concerns.

Recently, TD Cowen decreased Spirit Airlines, Inc. (NASDAQ:SAVE)’s price target to $20 from $30 and kept a Market Perform rating on the shares.

Nonetheless, Spirit Airlines, Inc. (NASDAQ:SAVE) was one of the most popular airline stocks among the elite hedge funds tracked by Insider Monkey. As of the end of the fourth quarter of 2022, 23 hedge funds had stakes in Spirit Airlines, Inc. (NASDAQ:SAVE). The total value of these stakes was $295 million. The biggest stakeholder of Spirit Airlines, Inc. (NASDAQ:SAVE) was Himanshu Gulati’s Antara Capital which owns an $83 million stake in the company.

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